{"id":649434,"date":"2023-04-27T18:36:02","date_gmt":"2023-04-27T18:36:02","guid":{"rendered":"https:\/\/www.abnewswire.com\/pressreleases\/?p=649434"},"modified":"2023-04-27T18:36:02","modified_gmt":"2023-04-27T18:36:02","slug":"blockchain-supply-chain-market-size-to-reach-us-6288-million-by-2028-with-growth-rate-cagr-464-imarc-group","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/blockchain-supply-chain-market-size-to-reach-us-6288-million-by-2028-with-growth-rate-cagr-464-imarc-group_649434.html","title":{"rendered":"Blockchain Supply Chain Market Size to Reach US$ 6,288 Million by 2028 With Growth Rate (CAGR) 46.4% | IMARC Group"},"content":{"rendered":"
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Blockchain Supply Chain Market Report 2023-2028<\/div>\n<\/div>\n<\/div>\n
The global blockchain supply chain market size reached US$ 560.9 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 6,288 Million by 2028, exhibiting a growth rate (CAGR) of 46.4% during 2023-2028.<\/div>\n

The global blockchain supply chain market size reached US$ 560.9 Million in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 6,288 Million by 2028, exhibiting a CAGR of 46.4% during 2023-2028.<\/p>\n

What is Blockchain Supply Chain?<\/strong><\/p>\n

Blockchain supply chain represents various medical products and medications utilized to treat bedsores, degenerative skin, and underlying tissue injuries that occur owing to prolonged pressure and shearing forces on the skin. Some commonly used products and therapies include negative pressure wound therapy, hyperbaric oxygen equipment, active wound care therapy, pressure relieving devices, etc. Blockchain Supply Chain solutions act as a preventive measure and help control deep craters with exposed muscle and bone. They help to remove necrotic tissue, reduce pressure on the affected skin, care for wounds, control pain, and ensure good nutrition and a moist environment for wound healing. Blockchain Supply Chain methods minimize the risk of complications, such as bone and joint infections, sepsis, cellulitis, and cancer. Consequently, they find widespread applications in hospitals, clinics, ambulatory surgical centers, homecare settings, etc.<\/p>\n

What Are The Key Factors Driving The Global Blockchain Supply Chain Market?<\/strong><\/p>\n

The growing employment of blockchain technology in retail supply chain management (SCM), on account of the increasing online transactions and the inflating demand for security and transparency in supply chain transactions, is primarily driving the blockchain supply chain market. Additionally, the shifting preferences toward integrating advanced technologies, which include artificial intelligence (AI) and machine learning (ML), in enterprise strategies and the emerging trend of business automation that is creating the requirement to effectively track authentication process information, procurement data, and certifications, are acting as significant growth-inducing factors.<\/p>\n

Request a PDF Sample Copy for More Detailed Market Insights: https:\/\/www.imarcgroup.com\/blockchain-supply-chain-market\/requestsample<\/a> <\/strong> <\/p>\n

Besides this, the expanding adoption of smart devices among the masses and the rising number of internet subscribers are also positively influencing the global market. Moreover, the escalating need for eliminating middlemen in the supply chain operations and preventing illegitimate activities in the pharmaceutical segment, such as illegal manufacturing of harmful medicines, inappropriate stick control, and counterfeit drugs is expected to propel the blockchain supply chain market in the coming years.<\/p>\n

Report Segmentation:<\/strong><\/p>\n

The report has been segmented the market into following categories:<\/p>\n

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Breakup by Component:<\/strong><\/p>\n